Broad stock market indexes were up in 2023 with technology stocks outperforming several other sectors. Here's a look at the biggest gainers and laggards in the Dow Jones Industrial Average.
What Happened: The Dow Jones Industrial Average was created in 1896 by Charles Dow and is one of the oldest and most followed equity indexes for overall stock market health. The Dow Jones Industrial Average hit an all-time high of more than $37,000 in December 2023.
The Dow Jones Industrial Average consists of 30 stocks on a price-weighted basis. The Dow Jones Industrial Average ETF (NYSE:DIA), which tracks the index, is one of the most invested and followed ETFs.
In 2023, 19 of the Dow Jones component stocks were up, with 11 stocks declining for the full year.
The top five gainers for the full year were:
- Salesforce Inc (NYSE:CRM): +98.5%
- Intel Corporation (NASDAQ:INTC): +90.1%
- Microsoft Corp (NASDAQ:MSFT): +56.8%
- Apple Inc (NASDAQ:AAPL): +48.2%
- Boeing Co (NYSE:BA): +36.8%
The top five losers for the full year were:
- Walgreens Boots Alliance (NASDAQ:WBA): -30.1%
- Chevron Corporation (NYSE:CVX): -16.9%
- Johnson & Johnson (NYSE:JNJ): -11.3%
- 3M Co (NYSE:MMM): -8.8%
- Coca-Cola Co (NYSE:KO): -7.4%
Four of the top five best-performing Dow components ranked in ...